New Construction
For Sale
$249,900
Pending
1235 E Houston St NE, Paris, TX 75460
Corner-lot duplex with two occupied units, updated finishes, and convenient access to retail, worship, and health facilities.
Property Size1,680 SF
Days on Market158
Property Features for 1235 E Houston St NE
General Information
Standard status
Pending
Size
1,680 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
washer-dryer hook-ups
granite countertops
luxury vinyl plank flooring
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Glass Land and Home LLC
Listed By:
Karen Marsh · License #0541391
(903) 517-9383
Source:
Realestatestation
Added: May 18
Changed: Oct 15
Last Checked: Oct 20 at 9:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Glass Land and Home LLC
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Investment Insights
Based on property information with market context.
Completed in 2026, this 1,680-square-foot duplex sits on a corner lot and includes two separately configured residences. Each unit offers 2 bedrooms, 2 full baths, a living room, and a combined kitchen-dining area. Washer-dryer hookups, all-electric service, granite countertops, and luxury vinyl plank flooring are included throughout the property.
Both units are currently rented. The property also provides access to nearby retail, worship, and health facilities, adding convenience for residents and supporting its existing income-producing use.
Both units are currently rented. The property also provides access to nearby retail, worship, and health facilities, adding convenience for residents and supporting its existing income-producing use.
Key Highlights
- Newly completed duplex constructed in 2026
- 1,680 SF property on a corner lot
- Each unit includes 2 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,561
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,220
$271.2K
Cap Rate 7%
$193,729
$193.7K
Cap Rate 9%
$150,678
$150.7K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$20.8K $12.36/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$19.4K $11.53/SF
− OpEx
−$5.8K −$3.46/SF
NOI
$13.6K $8.07/SF
Area
Lamar County, TX
Vacancy
6.70%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,220
Cap Rate 7%
$193,729
Cap Rate 9%
$150,678
Alternative Uses
Best Use
Multifamily LT 5
$193.7K
$169.5K – $226.0K
NOI $13,561 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$174.6K
$152.8K – $203.8K
NOI $12,225 @ 7.0% cap · market cap 4.89%
Theoretical Best
Hotel Hospitality
$1.27M
$1.11M – $1.48M
NOI $88,578 @ 7.0% cap · market cap 35.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 75460, TX
22,925
Population
11,210
Households
2
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
225
Density / Sq Mi
$44,241
Median Household Income
$30,546
Median Earnings
$895
Median Rent
$123,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex with two occupied units, updated finishes, and convenient access to retail, worship, and health facilities.
Where is this duplex located?
The property is located at 1235 E Houston St NE Paris, TX.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Newly completed duplex constructed in 2026; 1,680 SF property on a corner lot; Each unit includes 2 bedrooms and 2 full baths
